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Apr 20, 2022
by Jafrin Ahmed
Ireland Plans Blanket Ban on Political Crypto Donations
Political parties in Ireland will be banned from accepting donations in cryptocurrency to prevent foreign interference in elections, mostly from Russia, the Irish Independent reported Tuesday.
Russia had allegedly meddled in elections including the 2016 Brexit in the U.K. and the 2016 presidential vote in the U.S.
The amendments were proposed by minister Darragh O’Brien as a measure to protect Ireland’s democratic system “given the escalating threat of cyber warfare targeting free countries” as well as to reform political funding laws to prevent foreign interference in how parties or individuals are funded.
“The appalling invasion of Ukraine and insidious disinformation war highlight the ongoing fundamental threats faced by all democracies,” O’Brien commented.
Ireland is now among many other jurisdictions that have illegalized crypto political donations. California banned such actions in 2018, citing transparency issues with digital assets. Other US states with similar laws include Oregon, Michigan, and North Carolina.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.